REBusinessOnline

The Importance of Reputation Management in Student Housing

DALLAS — It’s no secret that today’s students spend a lot of time on their phones, perusing social media and scanning the internet. With such a high level of importance placed on digital content, what people are saying about your community through online reviews is becoming more powerful than ever. As an owner or operator, it’s imperative to handle negative reviews quickly and efficiently, and to bolster the amount of positive reviews left about your community. A panel of reputation …

New Tenant Mixes Fuel Retail Redevelopments

A persistent need for a tenant mix that is resistant to e-commerce and which facilitates a unique, authentic experience is prompting owners of older retail centers and malls to assume high levels of risk and redevelop their properties. While there can be a plethora of non-tenant-related factors that spur redevelopment projects — the basic need to charge higher rents, the structural and aesthetic deterioration over time, a desire to restore the public perception of vibrancy — the ultimate …

Despite Healthy Economy, Office Vacancy Rates Still Stuck in the Mud in Several Markets

NEW YORK CITY — The national office vacancy rate held steady at 16.8 percent in the third quarter compared with the prior quarter, and was up 10 basis points from the same period a year ago, according to Reis, which tracks commercial properties in 79 metropolitan markets. Net absorption was a healthy 4.5 million square feet in the quarter, partially a result of historically low unemployment (3.5 percent in September, according to the U.S. Bureau of Labor Statistics). However, a robust …

Use Restrictions Can Lower Your Tax Bills

Most property managers and owners can state their property’s most productive use and reel off a list of potential uses as well. But not all of them know their property’s specific use restrictions, and fewer still realize how those limitations affect the property’s value for tax assessment purposes. Government Restrictions Local zoning laws impose the most common use restrictions, and their impact on property uses and potential values is commonly understood. A property zoned for …

How to Maximize Student Housing Lease Conversions Through Social Media, Digital Marketing

DALLAS — When it comes to attracting the attention of students — and, more specifically, Generation Z — maintaining a positive and unique social media and digital marketing presence is critical. Most owners and operators of student housing today are pushing marketing dollars toward creating a digital brand in hopes of attracting a greater number of lease conversions. As an owner or operator, how do you allocate the right amount of funding to this segment of the business? And how do you …

CCIM: ‘Culprit’ for Retail Bankruptcies Is Being Overleveraged, Over-Retailed

Over the weekend, fast fashion retailer Forever 21 was the latest to file for bankruptcy protection. The low-price, teen-focused apparel retailer plans to close 350 stores worldwide, including up to 178 in the Unites States, according to The Wall Street Journal. Overleverage and retailers being “over-retailed” — not changes in consumer spending — are to blame for retail bankruptcies, according to K.C. Conway, CCIM Institute chief economist. Conway, in partnership with the Alabama …

How Developers Implement Seriously Smart Amenities in Student Housing

Student housing amenities used to have a reputation in the popular press and in most multifamily circles for over-the-top extravagance.  “Millennials came into the space when it was an all-out amenities war,” says Madison Meier, vice president of business development at Austin, Texas-based Campus Advantage. “Everyone was on standby wondering, ‘What’s going to be the next big thing? Lazy river? Climbing wall? Golf simulator? It felt like every developer was grasping at straws to …

Retailers Look to Capture the ‘Laptops and Lattes’ Crowd

LOS ANGELES — The four F's may need to move over: there’s a new consonant in town. While fun, food, fitness and fashion are still category staples in shopping centers, retailers at ICSC’s Western Conference & Deal Making event, held Sept. 16 to 18 at the Los Angeles Convention Center, are now interested in courting the two L's: laptops and lattes. “We do really well with the laptops and lattes crowd,” said Felicia Alexander, a Health & Wellness panelist and co-founder …

InterFace Panel: Deal Size, Institutional Capital, Infrastructure Have Fueled DFW Industrial Growth

DALLAS — Over the last decade, the Dallas-Fort Worth (DFW) industrial market has transitioned from the middle of the pack of major U.S. industrial markets to Tier-1 status in terms of leasing and development, and the drivers extend beyond job and population growth. So went the opening conversation of the development panel of the InterFace DFW Industrial conference, held Sept. 4 at the Westin Galleria hotel and attended by more than 200 industry professionals in its first year of existence. …

Top Three Reasons Healthcare Real Estate is Recession-Resistant

This has been a roller coaster of a year when it comes to the economy, and many are talking about the potential of a recession happening very soon. According to the Conference Board Consumer Confidence Index, August has been just slightly down. Consumer spending makes up 70 percent of the U.S. economy. If sentiment moves down, consumers and purchasing managers begin to curtail spending and an economic slowdown is inevitable. Unfortunately, the more the news and articles focus on the …

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